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- Retail Foreign Exchange Broker
Retail Foreign Exchange Broker
Retail Foreign Exchange Broker Meaning:
In foreign exchange terminology, a retail foreign exchange broker will generally caters to individual foreign exchange traders that typically trade currencies in smaller amounts for speculative purposes. Often such brokers offer online trading capabilities and many support automated forex trading.
Retail Foreign Exchange Broker Example:
As the number of retail foreign exchange brokers grows, the options available to individual forex traders have increased dramatically in recent years. While only millionaires could readily trade forex before such services became available, some retail forex brokers will now open forex trading accounts with as little as $100, perhaps also offering leverage as high as 200:1 to selected clients.